Exchange Capital Management Inc. Sells 1,588 Shares of Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB)

Exchange Capital Management Inc. trimmed its stake in Invesco Taxable Municipal Bond ETF (NYSEARCA:BAB) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,834 shares of the company’s stock after selling 1,588 shares during the period. Exchange Capital Management Inc. owned 0.24% of Invesco Taxable Municipal Bond ETF worth $3,049,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sollinda Capital Management LLC bought a new position in Invesco Taxable Municipal Bond ETF in the 4th quarter worth approximately $475,000. Great Valley Advisor Group Inc. increased its position in Invesco Taxable Municipal Bond ETF by 59.2% in the 4th quarter. Great Valley Advisor Group Inc. now owns 210,838 shares of the company’s stock worth $5,673,000 after buying an additional 78,400 shares during the period. Eagle Bluffs Wealth Management LLC increased its position in Invesco Taxable Municipal Bond ETF by 23.2% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 131,420 shares of the company’s stock worth $3,537,000 after buying an additional 24,756 shares during the period. Kingfisher Capital LLC increased its position in Invesco Taxable Municipal Bond ETF by 3.3% in the 4th quarter. Kingfisher Capital LLC now owns 23,612 shares of the company’s stock worth $635,000 after buying an additional 762 shares during the period. Finally, Private Advisor Group LLC increased its position in Invesco Taxable Municipal Bond ETF by 8.2% in the 4th quarter. Private Advisor Group LLC now owns 114,272 shares of the company’s stock worth $3,075,000 after buying an additional 8,667 shares during the period.

Invesco Taxable Municipal Bond ETF Stock Performance

Shares of NYSEARCA:BAB traded up $0.03 during trading on Tuesday, hitting $26.17. 226,476 shares of the stock were exchanged, compared to its average volume of 356,998. Invesco Taxable Municipal Bond ETF has a 1-year low of $24.29 and a 1-year high of $27.33. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -199.62 and a beta of 0.22. The company’s fifty day simple moving average is $26.31 and its 200-day simple moving average is $26.46.

Invesco Taxable Municipal Bond ETF Company Profile

PowerShares Build America Bond Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called The BofA Merrill Lynch Build America Bond Index (the Index). The Fund will normally invests at least 80% of its total assets in the securities that comprise the Index.